Commitments and Contingencies

12 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

22 COMMITMENTS AND CONTINGENCIES

(a)	Operating lease commitments

The Group has entered into

non-cancellable

operating leases covering various facilities. The rental expenses were RMB28,439, RMB28,289 and RMB27,942 for the years ended March 31, 2019, 2020 and 2021, respectively, and were charged to Consolidated Statements of Operations and Comprehensive Loss when incurred.

Future minimum payments under these

non-cancellable

agreements are as follows:


	Operating lease obligations
	RMB
For the year ended March 31,
2022		14,166
2023		12,451
2024		7,636
2025		2,876

Total		37,129

(b)	Capital and other commitments

As of March 31, 2021, the Company had capital commitments of RMB62,700 in relation to the purchase of office building (Note 9).

Future minimum payments under the office building purchase agreement are as follows:


	Capital commitments
	RMB
For the year ended March 31,
2022		52,250
2024		10,450

Total		62,700

(c)	Contingencies

The Group is subject to legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but the Group does not anticipate that the final outcome arising out of any such matter will have a material adverse effect on our consolidated financial position, cash flows or results of operations on an individual basis or in the aggregate. As of March 31, 2021, the Group is not a party to any material legal or administrative proceedings.

The Group accounts for loss contingencies if both of the following conditions are met: a) Information available before the financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired or a liability had been incurred at the date of the financial statements; and b) The amount of loss can be reasonably estimated. As of March 31, 2021, the Group did not have material loss contingencies.